The Charles Schwab Corporation (NYSE:SCHW) Plans Quarterly Dividend of $0.32

The Charles Schwab Corporation (NYSE:SCHW) declared a quarterly dividend on Thursday, October 22nd. Stockholders of record on Friday, November 13th will be paid a dividend of $0.32 per share by the financial services provider on Friday, November 27th. This represents a $1.28 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, November 13th.

Charles Schwab has increased its dividend by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Charles Schwab has a payout ratio of 25.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Charles Schwab to earn $7.79 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 16.4%.

Charles Schwab Stock Performance

Shares of NYSE SCHW opened at $91.46 on Friday. The stock’s 50-day moving average is $103.07 and its 200 day moving average is $98.11. The stock has a market cap of $158.17 billion, a price-to-earnings ratio of 15.61, a P/E/G ratio of 0.81 and a beta of 0.79. Charles Schwab has a 1-year low of $83.96 and a 1-year high of $114.53. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.52.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Thursday, October 15th. The financial services provider reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.03. Charles Schwab had a return on equity of 25.79% and a net margin of 39.33%. The business had revenue of $7.17 billion during the quarter, compared to analyst estimates of $7.18 billion. During the same quarter in the prior year, the firm earned $1.31 earnings per share. Charles Schwab’s revenue for the quarter was up 16.9% on a year-over-year basis. On average, sell-side analysts anticipate that Charles Schwab will post 6.42 EPS for the current fiscal year.

Charles Schwab Company Profile

The Charles Schwab Corporation (NYSE: SCHW) is a financial services company that provides investment, wealth management, banking and related services to individual investors, financial professionals and institutional clients. Through its brokerage business, Schwab offers trading and custody services for stocks, exchange-traded funds, mutual funds, options, fixed-income securities and other investments, along with retirement accounts and investment research tools.

The company also provides advisory and wealth management services, including managed portfolios, financial planning and support for registered investment advisors.